Global Currency Exchange deals

Looking to buy, or sell, a condominium in Thailand using Thai Baht?

A “Foreign Exchange Transaction” will need to be recorded legally. See our previous article about the Foreign Exchange Transaction.

Here are some of the reasons for this and most of the processes involved. We strongly recommend that you seek out good, professional, advice before buying abroad.

• The Bank of Thailand controls the flow of foreign currency. Every Thai Baht must have a source and a reason, and the Land Department must perform due diligence, in accordance with this regulation. Every foreign buyer must transfer money from abroad.
• Non-residents of Thailand, who sell a condominium and transfer the money out of country don’t have to pay the remittance tax. Normally, the tax is around 30%.
• When transferring money out of the country, the tax-free amount is determined by the initial amount transferred in.

Transfer of the title deed:

Documents needed for an Individual property buyer in Thailand.

• Passport (copy if applicable, marriage/divorce certificate including a letter of consent from your spouse if marriage in Thai Language.
• Foreign Exchange Transaction certificate.
• Power of attorney. If anyone but yourself is representing you, in Thai script with a notarization by Notary public or overseas by the Thai Consul.

Documents needed for a Company buying property in Thailand.

• Corporate documents:
• Certified copy of the certificate of incorporation
• Certified copy of the memorandum of association
• Notarised certificate
• List of shareholders (in English, but must be accompanied by Thai translation)
• Minutes of directors’ meetings which have a resolution to sell/buy the property (specifying name and number and agenda dealing with the finance of the purchase if the company’s registered capital is less than the purchase price)
• Letter of advice regarding specific signature.
• Power of attorney, if the authorised directors do not make the transaction by themselves (Land Department)
• Free debt letter
• Foreign co-owner letter
• The certified copy of the I.D card of the authorized directors
• The certified copy of the house registration of the authorized directors
• Title deed of the condominium unit / property.

currency conversion by professionals

When transferring money into, or out of, Thailand, speak to the foreign currency experts at www.fx-foreignexchange.com Thai Baht is our speciality.

Buy or sell Thai Baht here.

The euro has been the single currency of the European Union since the 1st of January,1999. It was adopted by 11 European States and other Countries have followed since.The currency exchange rates were fixed for the Euro, along with the last day for the individual currencies of each of the Member States and they were:

Euro Banknotes and Coins Calendar:
· Mid December, 2001: introduction of notes and coins.
· January 1, 2002: new currency becomes legal tender. Old currency can no longer be used for non-cash transactions, such as bank transfers and checks. The individual currencies will remain as legal tender until the dates listed below:

currency conversion by professionals

June 30, 2002 was the last day for changing old currency to Euro at any bank for the original twelve member states. Thereafter: old currency can be exchanged at national central banks and some specially designated banks.
Euro Denominations:
Notes: 500, 200, 100, 50, 20, 10, 5
Coins: 2, 1, 50, 20, 10, 5, 2, 1

To buy, or sell, Euros at the best rates, without commission or transfer charges, contact us here:

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Currency conversion is often considered a ‘black art’ when really it’s very simple.
Most individuals consider using currency conversion when they are about to buy a property abroad, or maybe import a car, or looking to buy a different currency for their holidays.The most common way to perform a currency conversion is to use your own bank to make the conversion.

Think again! Most high street banks make a charge to transfer the money.
With our currency conversion service, the tranfer of the money is usually free!
Where the greatest difference occurs is when you Read the rest of this entry »